Audio By Carbonatix
Consumer Price inflation increased to 10.6 percent in February from 10.3 percent recorded in January.
The marginal increase is being attributed mainly to an increase in fuel prices. Food inflation for February also rose to 7.2 percent from 6.8 percent the month before while non-food moved up to 12.2 percent.
According to the Ghana Statistical Service, this is a measurement of the change over time in the general price level of goods and services that households acquire for the purpose of consumption.
Acting Government Statistician, Baah Wadieh said “This should mean that the rate of increase in general price levels of goods and services went up marginally compared to that of January this year”
On the regional level, he stated: “Upper West, Brong Ahafo, Greater Accra and Ashanti Region recorded rates higher than the national average”.
Upper West recorded the highest rate of 11.7 percent followed by Brong Ahafo with 11.4. Upper East region recorded the lowest rate of 8.1 percent.
The non-food group recorded a year on year inflation of 12.2 percent, compared to the 12 percent recorded in January, whilst the food and non-alcoholic beverages group went up by 0.4 to record 7.2 percent.
This is a confirmation of an earlier report by JoyBusiness that prices of food in the country experienced an increase in the market in the first quarter of the year 2018.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
IGP’s Cyber Vetting and Enforcement Team arrests 11 for impersonating President Mahama
1 minute -
Charles Amissah death probe: GRNMA objects to naming of health professionals, cites mental health concerns
6 minutes -
BoG pushes cross-border instant payments to drive Africa’s economic integration
14 minutes -
Rwandan singer dies as he was being released from prison
20 minutes -
MoH sets up technical committee to resolve KBTH laboratory dispute
26 minutes -
Over 5,000 unemployed agricultural graduates push government for recruitment
27 minutes -
US delegation praises Peace and Love Hospital’s breast cancer care efforts in Ghana
31 minutes -
Ghana to fully finance vaccines, critical medicines as Global Fund support winds down- Finance Minister
32 minutes -
Heads of Basic Schools condemn alleged assault on headteacher, teachers by military personnel
44 minutes -
3i Africa made AI the headline. Pan African AI Summit makes it the agenda
46 minutes -
LUV FACT CHECK: Energy Minister’s claim of commissioning new BSP in Kumasi false
51 minutes -
SMEs call for improved financing at Ghana Agri-Food Investment Forum
52 minutes -
UEW and Penplusbytes train journalists to tackle misinformation and AI-generated fake news
58 minutes -
After the final paper: Remembering the child, not just the candidate
1 hour -
Karnival Kingdom Festival: Tourism Ministry says no approval was given
1 hour